Plain language law

New Zealand law explained for everyone

Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Reporting obligations - Planning: statement of intent

222: Ministerial involvement in statement of intent

You could also call this:

"The Minister helps decide what's in a statement of intent for the Reserve Bank."

Illustration for Reserve Bank of New Zealand Act 2021

The Minister can help decide what goes in a statement of intent. You know the Minister can agree with the Bank to add more information than what is required by section 220. The Minister can also tell the Bank how to present the information in the statement. The Minister can make comments on a draft statement of intent under section 223 or on changes the Bank wants to make under section 224. The Minister can do this by sending a written notice to the Bank. This helps the Minister and the Bank work together on the statement of intent. The Minister has a few ways to be involved in the statement of intent. You can see how this works with the Bank and the Minister. The Minister's involvement is an important part of making the statement of intent.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287266.

This page was last updated on — View changes

Topics:
Money and consumer rights > TaxesGovernment and voting > Government departments
Previous

221: Application and term of statement of intent, or

"When a statement of intent starts and ends"

Next

223: Process for providing statement of intent to Minister, or

"How the Reserve Bank tells the Minister its plans"

Part 5Financial and accountability matters
Reporting obligations: Planning: statement of intent

222Ministerial involvement in statement of intent

  1. The Minister may participate in determining the content of statements of intent as follows:

  2. the Minister may agree with the Bank that information additional to that required by section 220 be included in the statement of intent:
    1. the Minister may, by written notice to the Bank, specify the particular form in which any information in the statement of intent must be disclosed:
      1. the Minister may make comments on a draft statement of intent under section 223 or on an amendment to a statement of intent proposed by the Bank under section 224.

        Compare